Thank you for the tip-off from TapTechNews reader Assassin! TapTechNews reported on May 15th that on May 14th, the closing price of Faraday Future (FF) stock surged 367.21%, closing at $0.285 per share, ranking second in the U.S. stock market with a market value rebound to $12.16 million. Intraday gains reached nearly 490%, setting a record high for FF since its listing. According to The Paper, FF stated that this marks founder Jia Yueting's ongoing 'FF listing qualification defense battle' has achieved an impressive start, especially with the stock price soaring nearly 370%, providing both the capital market and the company with tremendous confidence. Previously reported by TapTechNews, on April 30th, Faraday Future announced the receipt of a letter from the Nasdaq Stock Market stating that it did not meet Nasdaq listing rules and would be delisted. To maintain FF's listing status, Jia Yueting subsequently took a series of actions. On May 7th, Jia Yueting released a video stating that he would consider co-serving as co-CEO of the company with FF Global CEO Matthias and would commercialize his personal intellectual property to make money for building cars. He, along with the company's management team, will take all feasible measures to strive to keep the company compliant and listed, igniting the battle to defend FF's listing qualifications. However, on the same day, FF issued a statement on its official U.S. website declaring that the video was released by Jia Yueting in a personal capacity, and the statement in the video was not approved by the company's board, which is currently not considering appointing him as co-CEO. According to CCTV News, the U.S. government announced on the 14th that it would impose tariffs on Chinese electric cars and other products. According to the White House website, tariffs on Chinese electric cars will increase from the current 25% to 100%. As reported by Nan Du Wan Cai She, Shen Meng, a director of Xiangsong Capital, analyzed that FF is the only Chinese electric car concept stock with a background in the U.S., and it may be the only electric car concept stock unaffected by the ban, potentially creating significant merger and acquisition value implications, attracting speculative capital.